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Here Success in North America Over to War Tensions and Celebrities Get- You Can Celebrate with a Feast, the Middle Kingdom

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Here Success in North America Over to War Tensions and Celebrities Get- You Can Celebrate with a Feast, the Middle Kingdom 城市漫步上海 英文版 12 月份 国内统一刊号: CN 11-5233/GO CRAZY RRICHICH CHRISTMAS MMUSICITYUSICITY TRAVELTRAVEL TO CHINA'SCHINA'S China Intercontinental Press ASIANSASIANS GUIDES SoundtracksSoundtracks GUIZHOUGUIZHOU TTOPOP 1010 WillWill thethe FilmFilm Be a HHitit ChooseChoose Your Your H olidayHoliday forfor China's China's FiveFive Ways Ways to to E xperienceExperience BestBestH omegrownHomegrown inin China? China? MMealseals and and Gifts Gifts Wisely Wisely MajorMajor Cities Cities thethe Province Province AlbumsAlbums of of 2018 2018 DECEMBER 2018 that’s Shanghai 《城市漫步》上海版 英文月刊 主管单位 : 中华人民共和国国务院新闻办公室 Supervised by the State Council Information Office of the People's Republic of China 主办单位 : 五洲传播出版社 地址 : 中国北京 北京西城月坛北街 26 号恒华国际商务中心南楼 11 层文化交流中心 邮编 100045 Published by China Intercontinental Press Address: 11th Floor South Building, HengHua linternational Business Center, 26 Yuetan North Street, Xicheng District, Beijing 100045, PRC http://www.cicc.org.cn 社长 President of China Intercontinental Press: 陈陆军 Chen Lujun 期刊部负责人 Supervisor of Magazine Department: 付平 Fu Ping 主编 Executive Editor: 袁保安 Yuan Baoan 编辑 Editor: 朱莉莉 Zhu Lili 发行 Circulation: 李若琳 Li Ruolin Chief Editor Dominic Ngai Section Editors Sarah Forman, Cristina Ng Production Manager Ivy Zhang 张怡然 Designer Joan Dai 戴吉莹 , Nuo Shen 沈丽丽 Contributors Mia Li, Logan Brouse, Iris Wang, Valerie Osipov, Edoardo Donati Fogliazza, Matthew Bossons, Ryan Gandolfo, Jonathan Zhong, Amy Fabris Shi, Erica Martin, Tess Humphrys, Sunny Wang, Matthew Minford HK FOCUS MEDIA Shanghai (Head office) 上海和舟广告有限公司 上海市蒙自路 169 号智造局 2 号楼 305-306 室 邮政编码 : 200023 Room 305-306, Building 2, No.169 Mengzi Lu, Shanghai 200023 电话 : 021-8023 2199 传真 : 021-8023 2190 Guangzhou 上海和舟广告有限公司广州分公司 广州市越秀区麓苑路 42 号大院 2 号楼 610 室 邮政编码 : 510095 Room 610, No. 2 Building, Area 42, Luyuan Lu, Yuexiu District, Guangzhou 510095 电话 : 020-8358 6125, 传真 : 020-8357 3859-800 Shenzhen 广告代理 : 上海和舟广告有限公司广州分公司 深圳市福田区彩田路星河世界大厦 C1-1303 C1-1303, Galaxy Century Building, Caitian Lu, Futian District, Shenzhen 518049 电话 : 0755-8623 3220, 传真 : 0755-8623 3219 Beijing 广告代理 : 上海和舟广告有限公司 北京市东城区东直门外大街 48 号东方银座 C 座 9G 邮政编码 : 100027 48 Dongzhimenwai Dajie Oriental Kenzo (Ginza Mall) Building C Room 9G, Dongcheng District, Beijing 100027 电话 : 010-8447 7002 传真 : 010-8447 6455 Sales & Marketing Director Doris Dong 董雯 BD Manager Tina Zhou 周杨 Sales & Advertising Linda Chen 陈璟琳 , Celia Chen 陈琳 , Nikki Zhou 周乃 , Jacki Wang 王佳怡 , Jessie Zhu 朱丽萍 , Eason Ying 应佳庆 , Janie Zheng 郑依怡 BD & Marketing Falaer Zhao 赵发拉尔 , Peggy Zhu 朱幸 , Yuri Teng 滕越儿 HR Manager Apple Chen 陈怡 Accounting Emily Xu 须秀彦 Distribution Zac Wang 王蓉铮 National Operation CEO Leo Zhou 周立浩 Financial Manager Laura Lu 陆晓岚 Communications Director Ned Kelly National Digital Business Director Vickie Guo 郭韵 National Digital Content Manager Bridget O'Donnell Digital Miller Yue 岳雷 , Orange Wang 王爽 , Yu Sun 孙宇 , Elsa Yang 杨融 , Kane Zhu 朱晓俊 , Taylor Luo 罗素梅 General enquiries and switchboard (021) 8023 2199 [email protected] Editorial (021) 8023 2199*5807 [email protected] Distribution (021) 8023 2199*2802 [email protected] Marketing/Subscription (021) 8023 2199*2806 [email protected] Advertising (021) 8023 2199*8802 [email protected] Web & IT (021) 8023 2199*7803 Fax (021) 8023 2190 www.thatsmags.com 广告经营许可证 : 京海工商广字第 8069 号 法律顾问 : 大成律师事务所 魏君贤律师 Legal Advisor: Wei Junxian, Dacheng Law Firm 国际标准刊号 ISSN 1672-8033 That’s Shanghai has been audited by ABC. 国内统一刊号 CN 11-5233/GO Publisher’s statement: December 2018 定价 : 25.00 元 Print run: 60,000 邮发代号 : 4-845 2 | DECEMBER 2018 | WWW.THATSMAGS.COM Editor's Note DECEMBER he year 2018 has been spirit. Check out Cristina Ng’s of Chinese cultural experts to see quite an eventful one, to Christmas food and drink deals whether it can carry its massive Tsay the least. Amidst trade roundup on p54 to see where success in North America over to war tensions and celebrities get- you can celebrate with a feast, the Middle Kingdom. RMB for tax evasion, to another some of our favorite home- Until next month, Hourly updates on news, current affairs recordting fined breaking hundreds Singles’ of millions Day of grownor flip tobrands. p18 for Meanwhile gift ideas infrom and general weirdness from around and the loss of many Shanghai Arts, Sarah Forman takes a look Shanghai and China. F&B institutions, our cover story at the Powerlong Museum’s (p39-49) has a recap of some Korean abstract art exhibition, FOLLOW US ON SOCIAL MEDIA of the most memorable news Dansaekhwa, and the movement stories and trends happening of the genre across Asia. facebook.com/ThatsShanghai around China over the past year. Dominic Ngai Christmas is just around the Crazy Rich Asians has been Editor-in-Chief twitter.com/ThatsShanghai Last but not least, the film corner, and even if you aren’t screening in major theaters youtube.com/thatsonline traveling back home, there are across China since November plenty of things to do around 30, and in the City feature (p10) #THATSSHANGHAI town to get you into the holiday this month, I chat with a couple WWW.THATSMAGS.COM | DECEMBER 2018 | 3 P A 10 15 R 6 CITY 14 LIFE & STYLE 7 PAY YOUR TAXES 15 PINYIN PRESS How China’s new tax laws will affect you Founder Sarah Armstrong on the brand’s upcoming fifth anniversary 10 CRAZY RICH ASIANS Will the film’s success in the US carry over to 20 CHRISTMAS GIFTS W China? Seasonal offerings from some of our favorite lifestyle labels 22 TRAVEL TO GUIZHOU Five ways to experience the province like a pro E TH 34 58 26 ARTS 50 EAT & DRINK 27 ZAK DYtcHTWALD 54 A VERY SHANGHAI CHRISTMAS The rising author on Chinese millennials and The season’s best festive meals their global influence 58 NEW RESTAURANTS 32 BEST ALBUMS OF 2018 Fusion flavors, cheap and cheerful curries and sugar- From hip hop to lo-fi, 10 of the best albums from free pastries this past year 60 NEW BARS 34 DANSAEKHWA A Vesper to write home about Inside the largest South Korean abstract art show in China 4 | DECEMBER 2018 | WWW.THATSMAGS.COM 39 COVER STORY YEAR IN REVIEW China’s top stories of 2018 P66 64 EVENTS DEC 7 FRI DEC 8 SAT Nulbarich Blastfemme DEC 15 SAT DEC 31 MON Humbert Humbert New Year's Eve at the McKinnon WWW.THATSMAGS.COM | DECEMBER 2018 | 5 CITY Crazy Rich Asians Will the Movie Be Successful in China? P10 Nicki Minaj Bails AI News Anchor P8 P8 TALES OF THE CITY TALES TaXING TimES Here’s How China’s New Tax Laws Will Affect You By Jonathan Zhong hina is preparing to launch new indi- Some important aspects of that previ- entitled to make tax adjustments, collect un- vidual income tax (IIT) laws, which will derpaid taxes and impose interest surcharges Cgo into effect at the beginning of 2019. Previously, foreigners could leave the country via ‘reasonable methods’ against individuals While under the new tax laws foreign work- forous 30 five-year days consecutively rule have changed, and avoid however. taxation ers in China will come another step closer to on their global income. This seems likely to being treated equally with Chinese taxpayers, change, though, as a major focus of these new 5.seeking Raised inappropriate Minimum Threshhold tax benefits. for Tax there are concerns that these new laws will - Exemption result in foreign workers having to pay more ing loopholes in tax laws, and this loophole The minimum threshold for tax exemp- taxes than before. istax a lawsvery islarge seeking one. toWhile restrict the rulefolks remains from find tion has now been increased to RMB5,000 Here are some key changes you should be mostly unchanged, it’s worth noting that per month (for both Chinese and foreigners). aware of: foreigners will see their worldwide income For tax residents, incomes will be taxed year- taxed after living in China for 183 days on ly minus RMB60,000 as well as any special 1. The 183-Day Rule their sixth year residing in the PRC. deductions that may be applied according to Possibly the most impactful aspect of law and for non-tax residents, their China- China’s new tax laws will be the 183-day rule. 3. The ‘Consolidated Income’ Concept sourced incomes will be taxed separately on Under the current laws, foreigners aren’t The ‘consolidated income’ concept is one a monthly basis. considered tax residents if they leave China of the changes that will affect higher-income for more than 30 days in one trip or for 90 workers in China the most. Under the new 6. Additional Tax Deductions days accumulatively in one year, but China law, four previously separate income catego- Resident taxpayers will soon be able to will soon fall in line with a global standard of ries (wages and salaries, income from inde- deduct a few items to their total taxable in- taxing folks who live within a country for 183 pendent services, author’s remuneration and come. These include: education costs for chil- days in one year. This is standard practice in royalties) will be grouped into one. dren, self-education costs, rent and housing the US, UK and Australia, among others. loan interest. Additionally, charitable dona- 4. Introduction of Anti-Tax Avoidance tions can be deducted from taxable income as 2. The Five-Year Tax Exemption Clause Clauses long as you do not donate 30 percent or more This clause allows foreigners to reside Under the new tax laws, the Chinese gov- of your income. ernment will have a stronger legal basis to in- vestigate any individuals suspected of being foreignersin China for residing five years in thebefore country their willglobal only involved in dodgy business transactions in beincome taxed is on taxed.
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